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Is This Natural Gas Major About To Be Taken Over?

April 6, 2018
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As Australia’s second largest independent gas producer continues to recover from years of financial doldrums, posting an impressive 433 percent surge in underlying profit in 2017 over the previous year. And now, it’s back in the spotlight as a potential takeover target. On Tuesday, Adelaide-based Santos, which produces about 163,000 barrels of oil and gas equivalent per day

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Tesla: The Biggest Loser In The Trade War

April 6, 2018
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A few years ago, Elon Musk said that Tesla could sell more cars in China than in America in the long term, because the Chinese market is just so huge. Indeed, China is currently Tesla’s second-largest market in terms of revenues behind the United States. But the escalating trade war between China and the United States could complicate

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Oil, Gas Technology: The Digital Human

April 5, 2018
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Whether it is called the information age, the digital transformation or just the changing of the times, the ways in which the oil and gas industry works is evolving. No longer is it a question of if the cutting-edge technologies leveraged by tech-savvy companies and imagined by science fiction will make their way into the oil and

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Chinese Tariffs, Including Oil Pipe, Go Into Effect

April 5, 2018
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WASHINGTON – Chinese tariffs on $3 billion in U.S. goods went into effect Monday, the latest move in an escalating trade fight between Beijing and Washington. The tariffs, which were initially announced two weeks ago, targeted 128 products and include a 15 percent tariff on the steel pipe used in building oil pipelines and commonly manufactured along the Texas

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Consortium Aims to Disrupt Oil and Gas Supply Chains – In a Good Way

April 5, 2018
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Supply chains in the oil and gas industry can be quite complex, often extending hundreds or even thousands of miles as multiple intermediaries shepherd products and services between suppliers and customers. Managing the various transactions among vendors and customers along a supply chain, which often crosses a patchwork of geographic and political boundaries, can be cumbersome and

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Iraq Cabinet Approves Raising Crude Oil Output Capacity to 6.5 Million BPD

April 5, 2018
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BAGHDAD: The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Oil Minister Jabar al-Luaibi said in January capacity was currently close to 5 million bpd. The country is producing more than 4.4 million bpd in line with an agreement between

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Air Giant Brings In Big Rigs For Pilbara Digs

April 3, 2018
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Two 21 tonne drill rigs destined for Pilbara iron ore mines arrived in Perth yesterday in the hold of an Antonov An-124, in another sign of rebounding confidence in the mining sector. Epiroc flew in two 25.5m long Pit Viper 271 rotary rig towers from Texas, via stops in Hawaii, Fiji and Brisbane. The load was a fraction

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Summer Fuel Blends Drive Up Houston Gasoline Prices

April 3, 2018
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The price of gasoline in Houston and across the country again ticked up as refiners continued their transition to pricier fuel blends ahead of the summer driving season. The average cost of a gallon of regular unleaded in the Houston area increased 1.4 cents last week to $2.43, while the national average rose 4.1 cents to $2.65 a

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